$1 Billion Lawsuit Not Over Yet! Legendary Soccer Superstar C Ronaldo Teams Up with Binance to Launch Fourth NFT Series

Legendary football superstar Cristiano Ronaldo, in a tweet a few days ago, revealed that he will be collaborating with the exchange Binance to launch his 4th NFT series, which will officially go live on Binance NFT Marketplace on the 29th. However, the celebrity is facing a collective lawsuit of up to $1 billion due to his promotional partnership with Binance.

Cristiano Ronaldo Teams Up with Binance to Launch New NFT Series

Cristiano Ronaldo's tweet reveals that his new NFT series with Binance will go live on Binance's NFT marketplace on May 29th, celebrating his illustrious career.

At that time, details and prices of the NFTs will be announced, with each "common NFT" reportedly priced the same, while only the prices of the "ultra-rare NFTs" will vary:

My football journey has taken me all over the world, and I am honored to have played for some of the most prestigious clubs. Now it's time for you to join me on this journey.

Furthermore, looking back at previous NFTs, including the empowerment and rewards such as Cristiano Ronaldo's autographed posters, jerseys, exclusive recorded videos, and even personal involvement in Ronaldo's training process, has generated high anticipation for this round of benefits.

$1 Billion Lawsuit Is Not Over Yet

However, earlier reports stated that Cristiano Ronaldo is facing a lawsuit in a Florida district court, with claims totaling up to $1 billion due to his long-term partnership agreement with Binance signed in June of last year and his involvement in multiple NFT endorsements and sales activities on the exchange.

Exchange Promotion Risks High! Football Icon Cristiano Ronaldo, MLB, and F1 Racing Successively Face Lawsuits

In November last year, multiple users who claimed to have joined Binance due to Cristiano Ronaldo's promotions suffered losses on their NFTs, accusing Ronaldo of indirectly participating and assisting Binance in the sale of unregistered securities:

Because Ronaldo has investment experience and access to external resources, he should have known that Binance was involved in the sale of unregistered crypto securities.

Prior to this, global celebrities including MLB player Shohei Ohtani, Mercedes-Benz F1 Racing Team, NBA player Stephen Curry of the Golden State Warriors, and comedian Larry David, among others, have faced lawsuits for allegedly promoting the now-defunct exchange FTX.

FTX Celebrity Ambassadors May Face Lawsuits! Besides Stephen Curry and Shohei Ohtani, Who Else?

In July last year, it was rumored that popular American singer Taylor Swift had agreed to a partnership with FTX worth up to $100 million, but the deal fell through as FTX's top management and former CEO SBF backed out.

Insiders: Taylor Swift Agreed to $100 Million Deal with FTX, Ultimately Called Off by SBF